I can't have a discussion about where a church is located, school districts, crime and many other things without being accused of steering or a fair housing violation. Agents have been heavily fined, suspended or lost their license over things like this. Many times, it has been deserved. We can't go there.
If I write a bogus lease to help a borrower qualify for a mortgage, it is bank fraud. I can't go there.
HOWEVER: If I came up with a scheme to loan billions in bad mortgages, fund them with worthless mortgage-backed securities I sell to institutional investors like pensions and retirement funds, then the whole thing falls like the house of cards it is, I can retire to the Caribbean.
I'm not saying the guys in the field shouldn't be regulated the way we are; I am saying that those up top in the corporate Ivory Tower who destroyed the economy ought to be held accountable for their wrongdoing as well.
If the regulating authorities examine
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